Vanguard Target Date Funds Taxes on Smaller Investors Complaint

April 29, 2022

This class action speaks of the Vanguard Group, Inc. as “one of the most respected and successful investment companies in the world.” However, the complaint brings suit against Vanguard and the Vanguard Chester Funds, alleging that they disadvantage smaller investors when assets of the funds are sold, in particular during what the complaint terms “a massive sell off” of assets that began in December 2020, which caused investors to incur significant tax bills.